In-state students will see an increase of $200. Out-of-state students will carry more of the financial burden with an increase of $950.

"Most of the money will go toward faculty salaries," said Richard Williams of the UNC Board of Trustees. "We're fortunate to have a good faculty. The students benefit from that they say they want to contribute toward keeping."

The issue still has to get past the UNC Board of Governors, which may oppose hikes.

"I do understand why they have to raise tuition, but this is still the best deal I can think of," said Jordana Alder, a student.

A tuition increase could affect one of UNC's points of pride. Last year, the Princeton Review named the university the best college bargain in the country. The rankings are based on academics, tuition and fees and financial aid packages.

Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.